24/7 Wall St.

We are tracking many movers in the pre-market trading session this morning.  The moves are mostly to do with earnings and today’s top movers are as follows: Apple Inc. (NASDAQ: AAPL), Brocade Communications Systems, Inc. (NASDAQ: BRCD), Chipotle Mexican Grill, Inc. (NYSE: CMG), Cintas Corporation (NASDAQ: CTAS), CSX Corporation (NYSE: CSX), E*TRADE Financial Corporation (NASDAQ: ETFC), Fortinet Inc. (NASDAQ: FTNT), Government Properties Income Trust (NYSE: GOV), Intuitive Surgical, Inc. (NASDAQ: ISRG), Manhattan Associates, Inc. (NASDAQ: MANH), Nalco Holding Co. (NYSE: NLC), Riverbed Technology, Inc. (NASDAQ: RVBD), VMware, Inc. (NYSE: VMW), and Yahoo! Inc. (NASDAQ: YHOO).  We have covered brief moves on the news and then added in the moves with color.

Apple Inc. (NASDAQ: AAPL) completely blew its targets away last night, even better than the best bulls expected; After-hours we saw a 5.9% gain of $22+ at $398.10 and pre-market trading with just over an hour is still up about 5.35% at $397.02.

Brocade Communications Systems, Inc. (NASDAQ: BRCD) is lower on fears that its longstanding hopes of being acquired by Dell could be fading.  Dell announced the acquisition of private Force 10 Networks to get into networking and that usurps the need for Brocade.  At least that is the theory.  Shares are down 3.5% at $6.07 in the pre-market.

Chipotle Mexican Grill, Inc. (NYSE: CMG) is taking a breather after having risen and risen after reporting soft earnings. Shares were down 4.7% at $318.00 last night but an analyst upgrade this morning has shares down only about 3% at $323.50 this morning.

Cintas Corporation (NASDAQ: CTAS) managed to beat earnings and its also gave guidance that meets or beats estimates.  Shares were up more than 7% at $33.08 in the after-hours and now we have shares up 10% at $34.00 in the pre-market.

Citi Trends, Inc. (NASDAQ: CTRN) lowered guidance and sees much wider losses than expected.  The trend is lower, with shares down about 19% at $12.90 this morning but volume is thin and this one trades about 155,000 shares a day is all.

CSX Corporation (NYSE: CSX) is up more than last night’s 1.6% gain as shares pre-market are up 2.6% at $26.15 after beating estimates and backing its prior earnings guidance.

E*TRADE Financial Corporation (NASDAQ: ETFC) is soaring after holder (and near-controller) Citadel is calling for a shareholder meeting to maximize shareholder value after dissatisfaction with results.  Shares are up 7.5% at $13.92 in pre-market trading after the filing.

Fortinet Inc. (NASDAQ: FTNT) sounded good on the surface after it grew revenues 35%, grew billings 22% and grew earnings 88%… Shares were getting smacked down 21% at $21.25 in the after-hours session, but the stock is now down “only” 17% at $22.16 in pre-market trading as traders may be bottom fishing.

Government Properties Income Trust (NYSE: GOV) filed to sell some 5 million shares of common stock in the REIT to cut debt under its revolving credit facility and for general business purposes.  Shares are down 3.4% at $25.47 in the pre-market session.

Intuitive Surgical, Inc. (NASDAQ: ISRG) got an upgrade after strong DaVinci robotic systems sales and on a 21% sales boost; shares were up 5.1% at $394.00 pre-market, a tad softer than the 6% gain last night.

Manhattan Associates, Inc. (NASDAQ: MANH) is trading higher after beating earnings growth expectations and raising its annual guidance.  Shares were indicated up 7% but volume is very low.

Nalco Holding Co. (NYSE: NLC) is surging by 30% at $37.70 after getting a buyout from Ecolab.

Riverbed Technology, Inc. (NASDAQ: RVBD) is getting crushed this morning after what appeared to be a miss on revenue estimates and after announcing two acquisitions and noting weakness seen in the EMEA region.  Shares were down more than 25% when we looked last night but shares are down 23.4% at $31.71 in active trading.

VMware, Inc. (NYSE: VMW) wa sup over 5% yesterday and up another 6% in after-hours after beating earnings (almost a triple on earnings) and revenues and giving solid guidance. Shares are now up 5.1% at $111.45 so a tad lighter on the bullishness of last night.

Yahoo! Inc. (NASDAQ: YHOO) was a disappointment after a revenue miss and on light guidance despite cost cutting measures. The stock was down 1.65% at $14.35 after the close last night but this morning we have shares down 2% at $14.30 on what is actually lighter trading volume than we expected.

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JON C. OGG